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Honda profit jumps on cost cuts, absence of huge recall expenses

  TOKYO / AP Tokyo-based Honda Motor Co. reported a 36 percent jump in profit for October-December on year, shrugging off damage from a strong yen, and the Japanese automaker raised its full year forecast. Cost cuts lifted fiscal third quarter profit to 168.8 billion yen ($1.5 billion), up from 124.1 billion yen the previous year. Also helping was the ...

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Hyundai Motor plans Pakistan venture with billionaire Mansha

  Bloomberg Hyundai Motor Co, South Korea’s biggest automaker, plans to partner with billionaire Mohammad Mian Mansha’s Nishat Mills Ltd. to start assembling cars in Pakistan as vehicle sales accelerate in the $271 billion economy. Nishat Mills’ venture, which includes Hyundai and Sojitz Corp., will assemble passenger and one-ton commercial vehicles in Pakistan, the company said in a stock exchange ...

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Costly delays upset Fukushima nuclear reactor renaissance

  Bloomberg Costly delays, growing complexity and new safety requirements in the wake of the triple meltdown at Fukushima are conspiring to thwart a new age of nuclear reactor construction. So-called generation III+ reactors were supposed to have simpler designs and safety features to avoid the kind of disaster seen in Japan almost six years ago. With their development, the ...

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